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Acrisure Secures $2.1 Billion Funding Round for M&A, Tech
May 21 2025 // Acrisure said it has entered into a definitive agreement for the issuance of new convertible senior preferred stock in a $2.1 billion capital raise led by Bain Capital. Acrisure said the company’s valuation stands at...
People Moves: World Insurance Associates Names Youshock Head of Personal Lines; Belair Appointed President of Technology at Intact Insurance Specialty Solutions
May 21 2025 // Michelle Youshock World Insurance Associates Names Youshock Head of Personal Lines World Insurance Associates LLC, headquartered in Iselin, New Jersey, named Michelle Youshock head of personal lines, replacing Jim Hickey,...
Thoma Bravo’s Nearmap to Buy Insurance Tech Firm Itel for Over $1.3B
May 21 2025 // Thoma Bravo-backed Nearmap has agreed to buy insurance technology provider itel from private equity firm GTCR, the companies said on Tuesday, as it looks to expand its offerings across property portfolios. The deal values...
Could Your Tech Stack Use a Spring Cleaning? How to Reduce Insurance IT Complexity with APIs
May 20 2025 // This post is part of a series sponsored by AgentSync. Today’s insurance agencies rely on an average of 5.7 to 11.9 different technology platforms for day-to-day operations, depending on their total revenue. For...
LA County Wildfire Alert Mistakenly Sent to Millions Due to Tech Glitch
May 15 2025 // A technological glitch caused an emergency alert to be mistakenly sent to millions of Los Angeles County residents in January rather than only those in the proximity of a wildfire, according to a congressional report. The...
Business Moves: Insurtech wefox to Sell Italian Businesses to PE Firm J.C. Flowers
May 14 2025 // German Insurtech wefox has agreed to sell its Italian businesses, wefox MGA S.r.l. and wefox Services Italy S.r.l., to U.S. private equity firm J.C. Flowers & Co. Financial details of the deal were not...
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